Bellway plc (BWY) Announces Dividend of GBX 74
Bellway plc (LON:BWY) announced a dividend on Tuesday, October 18th. Shareholders of record on Thursday, December 1st will be given a dividend of GBX 74 ($0.90) per share on Wednesday, January 11th. This represents a yield of 3.1%. The ex-dividend date is Thursday, December 1st. This is a positive change from Bellway plc’s previous dividend of $34.00. The official announcement can be accessed at this link.
Bellway plc (LON:BWY) traded up 6.04% during mid-day trading on Tuesday, reaching GBX 2386.00. 960,766 shares of the company’s stock were exchanged. Bellway plc has a 52 week low of GBX 1,622.00 and a 52 week high of GBX 2,897.51. The company’s market capitalization is GBX 2.92 billion. The company’s 50 day moving average price is GBX 2,321.62 and its 200-day moving average price is GBX 2,322.06.
Several research firms have recently commented on BWY. Davy Research reiterated an “outperform” rating on shares of Bellway plc in a research note on Friday, August 5th. Canaccord Genuity reissued a “buy” rating and set a GBX 2,350 ($28.64) price target on shares of Bellway plc in a research report on Tuesday. Deutsche Bank AG upped their price target on Bellway plc from GBX 2,649 ($32.29) to GBX 2,701 ($32.92) and gave the company a “hold” rating in a research report on Monday. Goldman Sachs Group Inc. reissued a “neutral” rating and set a GBX 1,715 ($20.90) price target on shares of Bellway plc in a research report on Monday, June 27th. Finally, Credit Suisse Group AG upped their price target on Bellway plc from GBX 2,176 ($26.52) to GBX 2,976 ($36.27) and gave the company an “outperform” rating in a research report on Friday, September 23rd. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of GBX 2,806.74 ($34.21).
Bellway plc Company Profile
Bellway p.l.c. is a United Kingdom-based holding company, owning subsidiary undertakings, which is engaged principally in housebuilding in the United Kingdom. The Company provides a range of house types, including one, two and three bedroom apartments; terraced homes; three storey homes; semi-detached homes, and three, four and five-bedroom detached homes.
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